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DAX steps back into the red
Earlier this morning the DAX officially reopened at 26,555, following a close yesterday at 25,576, as we noted in the previous update on the German benchmark. Well, since then the index did push higher in early trading, reaching 25,612, but it is now falling back again as we write. We remind readers of the low seen yesterday, at 25,512.
Perhaps if the index falls below that level today it might extend further on the downside, but it has to get to that point first of course. Clearly the rebound in oil we covered in the previous update is weighing on the German index again. The DAX is right now at 25,555
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